Danone (OTCMKTS:DANOY) Short Interest Update

Danone (OTCMKTS:DANOY) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 748,064 shares, an increase of 796.8% from the June 15th total of 83,419 shares. Based on an average daily volume of 1,693,511 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several research firms have commented on DANOY. Morgan Stanley reissued an “overweight” rating on shares of Danone in a research note on Monday, June 29th. Santander upgraded shares of Danone to an “outperform” rating in a report on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Danone in a research note on Friday, July 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Danone Price Performance

Danone stock traded down $0.02 during midday trading on Friday, hitting $16.52. The company’s stock had a trading volume of 233,055 shares, compared to its average volume of 728,064. Danone has a 12 month low of $14.19 and a 12 month high of $18.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.90 and a quick ratio of 0.75. The stock’s 50-day moving average price is $15.30 and its 200-day moving average price is $16.15.

About Danone

Danone is a French multinational food-products company headquartered in Paris, with roots dating to 1919 when it was founded by Isaac Carasso. The company positions itself around nutrition and health-oriented food and beverage products, and it combines global brand management, manufacturing and distribution to serve a broad consumer base. Danone’s long history has been characterized by expansion beyond its original yogurt business into bottled water, infant and medical nutrition, and plant-based alternatives.

Danone’s principal activities include the development, production and marketing of dairy and plant-based products, bottled waters, and specialized nutrition for infants and medical patients.